World activity is expected to grow moderately in 2013, leading to a growth of rate of 2.9% against 3.2% in 2012. This growth would more or less stem from advanced countries where production is expected to increase by 1.2% in 2013 against 2.0% in 2014. The strengthening of the American economy and a significant relaxation […]
The West African Economic Review provides a forum for the participation of all the stakeholders relevant to the monetary integration process of the ECOWAS region, in respect of providing evidence-based policy recommendations. The Review is a bilingual publication (French and English) which comes out twice a year (June and December) from The West African Monetary […]
As part of its activities, the West Africa Monetary Agency (WAMA) collects macroeconomic data from member countries’ Central Banks, Ministries of Finance and Statistical Institutes to assess the performance of each country in terms of convergence. These data are subject to serious processing for the computation of the convergence criteria which are published on a […]
This report reviews the global economic and financial environment and analyses the economic, monetary and financial developments in ECOWAS member States in 2012. It also assesses progress made on the macroeconomic convergence programme as well as policy harmonization activities. Economic activity within the Community remained robust in 2012, recording a growth rate of 6.5%, despite […]
The West African Economic Review provides a forum for the participation of all the stakeholders relevant to the monetary integration process of the ECOWAS region, in respect of providing evidence-based policy recommendations. The Review is a bilingual publication (French and English) which comes out twice a year ( June and December) from The West African Monetary Agency (WAMA), whose mandate includes but not […]
Following the adoption of the ECOWAS Single Currency Roadmap at the end of the 5th Session of the Convergence Council which was held in Abuja, Nigeria, on 25 May 2009, various activities were assigned to relevant regional institutions under the of the Single Currency Roadmap for purposes of coordinating their implementation. Subsequently, WAMA was asked […]
The stabilization of the exchange rates of ECOWAS currencies features prominently in the road map set out for the establishment of the regional Single Currency. This is considered as a continuous process to be finalized two years prior to the launch of the Single Currency. Hence, the need for keen monitoring of trends in the […]
The West African Economic Review provides a forum for the participation of all stakeholders relevant to the monetary integration process of the ECOWAS Region, in respect of providing evidence-based policy recommendations. The Review is a bilingual publication (French and English) which comes out twice a year (June and December) from the West African Monetary Agency […]
Tax revenue mobilization is essential in the fiscal operations of every economy. The Economic Community of West African States (ECOWAS) therefore has a criterion on tax revenue under the convergence criteria of the ECOWAS Monetary Cooperation Programme (EMCP), which states that tax ratio (as a percentage of GDP) should be at least 20 percent. Despite […]
Global financial integration has substantially increased in recent decades. This was manifested initially in growing capital flows between developed countries and has subsequently spread to emerging market and developing countries. It involves the removal of capital controls, financial innovation and technological progress. Financial system integration is achieved when there is a perfect mobility of financial […]
